How low can European rates go?
In frequently declaring their monetary policy setting to be “restrictive”, European Central Bank president Christine Lagarde and Bank of England governor Andrew Bailey have raised the immediate follow ...
Brace for steep job cuts after tax raid, says Bank of England rate-setter
Bosses are planning “dramatic” job cuts or hiring freezes in the wake of Rachel Reeves’s tax raid, a Bank of England official ...
Does RBI buying tonnes of gold signal a shift away from dollar?
Though gold declined in late 2024 after Donald Trump was re-elected to the White House, the precious metal has been on a tear since the beginning of 2025. The Reserve Bank of India last year was the ...
Sterling edges down versus euro before economic data and BoE Bailey speech
Sterling edged down versus the euro and was unchanged against the dollar as investors awaited economic data on both sides of ...
Bank of England policymaker says job losses will ‘restrain’ inflation rise
Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across ...
Monzo issues warning for savers as big changes set to roll out in days
Monzo has revealed its cutting the interest rate on its Personal Instant Access Savings Pots following a recent announcement ...
Bank of England needs to ‘cut through the noise’, rate-setter says
In a speech delivered in Leeds, Mann explained that the persistence of "embedded inflationary behaviours" had diminished due ...
Bank of England's Mann says no to 'cut, cut, cut' on rates
Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in ...
NW Mutual shares details of proposed bank branches
A new bank has shared the locations of 60 proposed branches, including six in Cumbria. NW Mutual, which proposes a 'bricks, clicks, and flicks' business model, plans to open the branches across the ...
Bank of England's Mann: Bigger Rate Cut Was Needed to 'Cut Through the Noise'
Mann was one of two members of the BoE's Monetary Policy Committee who last week voted for a half-point cut in interest rates ...
Housebuilder shares sink as Bellway flags mortgage affordability concerns
Housebuilders shares fell on Tuesday morning after FTSE 250 Bellway flagged mortgage affordability concerns heading into the ...
Barclays warning for customers as interest rates drop
Barclays has announced it will be dropping savings rates on two popular accounts. The Everyday Saver will drop from 1.50% to just 1.25% on balances up to £10,000, while the Rainy Day Saver will fall ...